Triple your EAM Insights Part 3: Geared toward Growth

In this third and final blog in a series of three, I will discuss the Verdantix Green Quadrant EAM Software Report and outline the five key benefits that a good EAM solution offers to organizations looking to optimize their enterprise asset management practices.

Watch the webinar here

Geared toward growth

When it comes to selecting the right EAM, what matters most is that you select an EAM solution that offers the most benefits to your organization. Often, this will be a combination of short-term gains and long term benefits. It is important to strike the right balance in terms of costs, time invested and ease of use. To help you make this decision more confidently, these are the five benefits companies looking to invest into an EAM platform should look out for:

1. Increase operational excellence

   Enterprise asset management has the potential to add enormous value to the asset lifecycle. The primary way in which this is done is by facilitating better cross-departmental collaboration. The efficiency gains this fosters have a direct impact on the bottom line. Ultimo helps align field technicians, operational teams and HSE workers towards common goals and objectives. It is available on any device and enables real-time asset performance tracking. Increase the collaboration between teams by reducing miscommunications. Boost productivity and reduce downtime by using Ultimo’s best-of-breed EAM platform.

2. Create control, cut costs

   The majority of organizations maintain a ‘run-to-fail’ strategy when it comes to their maintenance management. Often, this ideology prevents them from adopting more advanced maintenance strategies, because they are spending all their time and resources keeping their machines operational. An EAM solution can make all the difference by facilitating the transition toward better strategies. Moving from a short-term reactive maintenance approach towards a long-term plan for the future can be done by using Ultimo’s preventive maintenance capabilities. Cut costs by preventing issues rather than fixing them. In turn, benefit from a more reliable asset install base, directly adding value to the bottom line.

3. Regulate risks, cultivate compliance

   Risk management and compliance often weigh heavily on the shoulders of those tasked with addressing them. Selecting an EAM that takes away this burden and keeps compliancy under check will help your organization regulate risks effectively. Ultimo offers a full-fledged HSE suite on top of its industry solutions. This helps companies navigate the challenges that come with regulatory compliance. By centralizing compliance tasks, firms are enabled to meet strict standards without burdening their staff with arduous administrative tasks.

4. Spend and manage wisely
   Knowing how your inventory and spare parts are being put to use allows you to further optimize these processes. Look for an EAM solution that combines your asset management, maintenance management with stock and purchase management. Ultimo offers data-driven insight into both, allowing for stock level optimization and ensuring critical parts are available when required. Ultimo prevents capital stock from going to waste while ensuring asset reliability.

5. Scale to the stars
   Whether your organization is enhancing a few machines locally or a multitude of assets globally, you need to find a platform that grows with your company to meet new business requirements seamlessly. It must be a fit now, but it must support your future ambitions as well.

Conclusion

Verdantix has rightfully labelled Ultimo a Leader in its Green Quadrant EAM Software Report. With industry leading scores awarded for its user interface, interoperability and integrations, mobile application, configurability, business intelligence, energy management and analytics, IFS Ultimo truly offers a best-of-breed EAM solution ready to support enterprises in maximizing the value they gain from their asset throughout the entire asset lifecycle. If you’re looking to elevate your asset management strategy and drive operational excellence, now is the time to explore what Ultimo can offer your organization.

To dive deeper into the capabilities of Ultimo, download the full Verdantix Green Quadrant report to understand the competitive landscape and see why Ultimo ranks among the leaders. Listen to the recording of our recent webinar with Verdantix for valuable insights and best practices. Or better yet, book a demo to experience Ultimo’s powerful features firsthand and discover how this top-tier EAM solution can transform your asset management approach.